Yuichiro Tamaki, leader of the Democratic Party of Japan, has proposed a crypto tax plan that would reduce taxes on crypto gains to 20% if he is elected. “If you believe crypto assets should be taxed separately at 20% instead of being treated as miscellaneous income, vote for the Democratic Party,” Tamaki tweeted. But the plan may be far from being realized, as the Democratic Party currently holds only 7 of the 465 seats in the House of Representatives, the lower house of Japan’s parliament. Under Tamaki’s plan, no tax event would be triggered when exchanging one crypto asset for another. (Cointelegraph)